NorthMarq completes $5 million refinance of Watney Industrial in Fairfield, California
LOS ANGELES, CALIFORNIA (February 17, 2020) – Ory Schwartz, senior vice president/managing director of NorthMarq’s Los Angeles office arranged the $5 million refinance of Watney Industrial. The 100,460 sq. ft. single-tenant industrial building is located at 2345 South Watney Way in Fairfield, California.
The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
